The potential of cultured meat and fish is great

Mosa Meat, the European food technology company which introduced the world’s first cultured beef hamburger in 2013, announced the first closing of $55M as part of a larger Series B funding round.

Mosa Meat will use the funds to extend its current pilot production facility at its home in Maastricht, develop an industrial-sized production line, expand its team, and introduce delicious cultured beef to consumers. While no date has been announced for an introduction to consumers, the company will work with regulators to demonstrate the safety of cultured beef, in order to achieve regulatory approval to serve consumers in  Europe who are craving change.

The Series B funding round is led by Luxembourg-based Blue Horizon Ventures, the food technology fund that aims to support and promote a positive global impact on the environment, human health, and animal welfare. Dr. Regina Hecker is joining the board with special focus on science, scaling and regulatory. They are joined by Bell Food Group, M Ventures and other mission-based investors and advisors.

“We are very excited to welcome our new partners and see existing partners continue our journey together” said Maarten Bosch, CEO of Mosa Meat. “With their support and capabilities, we have the opportunity to take the next concrete steps to scale production, make progress towards a cleaner, kinder way of making real beef, and ultimately increase the resilience, sustainability, and safety of our global food system”.

This funding round follows a successful Series A round in 2018, which included investments by M Ventures, Bell Food Group, Nutreco and Lowercarbon Capital.

mosameat.com